ConocoPhillips (COP) vs Marathon Petroleum Corporation (MPC)

COP leads on 9 of 16 compared metrics, though MPC is the cheaper stock.

A side-by-side comparison of ConocoPhillips and Marathon Petroleum Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — COP vs MPC

growth of $100 · last 15y
COP +112.4%MPC +1314.8%MPC compounded faster
Log scale — wide-divergence pair
101001k10kStart $10020142017202020232026$212$1,415
COP MPC

COP vs MPC: by the numbers

  • COP is the larger company ($142.52B vs $76.95B market cap).
  • MPC trades at the lower earnings multiple (17.19 vs 19.89 P/E).
  • COP converts more revenue to profit (12.56% vs 3.41% net margin).
  • COP grew revenue faster over the past five years (20.71% vs 14.07% CAGR).
  • COP pays the higher dividend yield (2.82% vs 1.48%).

Which is better, COP or MPC?

Metric tally: COP 9 · MPC 7

It depends on what you're optimizing for:

ValueMPC(lower P/E)
GrowthCOP(faster 5Y revenue CAGR)
IncomeCOP(higher dividend yield)
QualityMPC(higher ROIC)

Valuation

MetricCOPMPC
P/E ratio19.8917.19
Forward P/E13.0111.24
P/S ratio2.460.57
P/B ratio2.224.64
PEG ratio0.39
EV / EBITDA6.578.87
FCF yield12.79%7.33%

Profitability

MetricCOPMPC
Gross margin29.18%8.80%
Operating margin18.28%5.02%
Net margin12.56%3.41%
ROE11.34%27.65%
ROIC6.72%7.03%

Dividends

MetricCOPMPC
Dividend yield2.82%1.48%
Payout ratio51.89%29.46%

Growth (annualized)

MetricCOPMPC
Revenue CAGR (5Y)20.71%14.07%
EPS CAGR (5Y)-0.18%22.12%
FCF CAGR (5Y)104.64%30.60%
Total return CAGR (5Y)18.54%36.26%

Frequently asked

Which is better, COP or MPC?
It depends on your goal. value: MPC (lower P/E); growth: COP (faster 5Y revenue CAGR); income: COP (higher dividend yield); quality: MPC (higher ROIC). Across all compared metrics, COP leads 9 to 7.
Is COP or MPC cheaper?
On trailing earnings, MPC is cheaper: COP trades at a 19.89 P/E and MPC at 17.19.
Which has grown faster, COP or MPC?
Over the past five years, COP grew revenue faster — COP at a 20.71% CAGR versus MPC at 14.07%.
Does COP or MPC pay a bigger dividend?
COP yields 2.82% and MPC yields 1.48% based on trailing dividends and the latest price.
Is COP or MPC more profitable?
COP runs the higher net margin — COP at 12.56% versus MPC at 3.41%.
Which has been the better investment, COP or MPC?
Over the past 10-year, MPC delivered the higher annualized total return — COP at 13.65% versus MPC at 25.67%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.